CAE will spend $230 million to raise its ownership stake in the Simcom Aviation Training joint venture.
Credit: JHVEPhoto/Alamy Stock Photo
CAE announced on Nov. 4 that it will spend $230 million to raise its ownership stake in the Simcom Aviation Training joint venture. The Canadian company expects the investment to be accretive to earnings and free cash flow in the first full-year post transaction. Private jet company Flexjet will...
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CAE Boosts Stake In Simcom Joint Venture is published in The Weekly of Business Aviation, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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